Arbeitspapier | Working paper
The curse of knowledge increases self-selection into competition: experimental evidence
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of nascent entrepreneurs and the substantial rate of failure among new businesses. (author's abstract)
- Extent
-
Seite(n): 64
- Language
-
Englisch
- Notes
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Status: Veröffentlichungsversion; begutachtet
- Bibliographic citation
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Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Verhalten auf Märkten (SP II 2014-207)
- Subject
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Wirtschaft
Psychologie
Soziologie, Anthropologie
Sozialpsychologie
Wissenssoziologie
Volkswirtschaftstheorie
Wissen
Selbstbewusstsein
Wettbewerb
Anreizsystem
Experiment
Information
Unternehmen
Verhalten
- Event
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Geistige Schöpfung
- (who)
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Danz, David
- Event
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Veröffentlichung
- (who)
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Wissenschaftszentrum Berlin für Sozialforschung gGmbH
- (where)
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Deutschland, Berlin
- (when)
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2014
- Handle
- Last update
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21.06.2024, 4:27 PM CEST
Data provider
This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Danz, David
- Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Time of origin
- 2014
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Honesty and Self-Selection into Cheap Talk
Self-selection and earnings during volatile trransition
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Field of study, earnings, and self-selection
Self-selection among undocumented immigrants from Mexico
The Impact of Self-Selection on Performance